You may have already noticed that when talking about business many terms like enterprise, business and company are often been used as synonyms. But are those really all the same terms? What shall you unterstand by each of those individual terms? Which legal differences shall you be informed about? If you are talking about an…
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Doing business in Germany? You should better know what corporate criminal law is all about. Economic or corporate criminal law is the collective term for all criminal provisions that criminalise offences in the area of the economy. It is the state’s response to economic crime and it serves to protect the structure of the economic…
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How is the Commercial Code structured? The most important legal source of commercial law is the Commercial Code (HGB). In addition, the general provisions of the German Civil Code (BGB) also apply. The Commercial Code comprises a total of five books and is structured as follows: Book I (§§ 1-104a HGB) includes, among other things,…
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What should you know about the GTC Regulation in Germany? General terms and conditions (GTC) are all pre-formulated contractual terms for a number of contracts which one contracting party (user) provides to the other contracting party when concluding a contract, according to section 305 (1) sentence 1 of the German Civil Code (BGB). GTCs are…
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Commercial and Business Law Experts: Who Are They Commercial Law is a very interdisciplinary field of law. The business law degree programme is very broad, so that the areas of application and fields of activity for graduates vary greatly. By choosing certain focal points during your studies, you can specialise in certain sectors before graduation.…
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Limited commercial authority (German: “Handlungsvollmacht”) authorizes the holder of it to undertake all transactions and legal acts commonly associated with operating a commercial enterprise. The powers of representation pursuant to this authority are limited to the execution of business transactions of the commercial enterprise. The taking out of loans and the conducting of litigation proceedings…
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BGH: Unfair commercial act in the case of unauthorised request for payment in the case of identity theft BGH, Judgement from 20.10.2021 – I ZR 17/21 Facts of the case The plaintiff is a consumer protection association registered in the list of qualified entities within the meaning of Section 8 (3) no. 4 UWG. The defendant…
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Today we are talking about an interesting commercial law case discussed at the Frankfurt am Main Higher Regional Court (Order of 18.03.2021 – 6 W 8/18 -). The case: Offers on Amazon.de Amazon.de generally uses an algorithm to arbitrarily illustrate products, so that if for instance an unpacked printer cartridges is offered, this could appear…
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International Business allows us to smoothly trade all around the world, export and import products from and to different countries with no restrictions. However, a fundamental aspect is not to be forgotten: once you have entered a foreign territory, you also indirectly agree to enter their legal systems and regulations. The importance of legally compatible…
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Value Added Taxes – No Say No Pay? Karlsruhe Regional Court (Ref. 14 0 31/20 KfH) Has it already happened to you that the costs estimated from the seller is much less than the actual final price? Stop wrapping your head around it and seek for legal help! The Case Mr. Falkenbach becomes clear information…
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